Callouts & quotes from 3,960+ activist slides

"We believe Epiq trades with a "credibility discount" that impedes the stock from realizing its full potential"

"We believe UFPT's largest customer, ISRG, will materially reduce their spending with ISRG over the next year."

"We are excited to own the business at current valuation multiples as we believe there is substantial upside."

"We believe these connections best position Sportradar to maintain its dominant position in the United States"

"We believe the lower barrier to entry is reflective of the low value proposition of partnering with Generac."

"On what grounds are we to believe that loans originated by Carvana perform better than all other auto loans?"

"We believe fixing ADP’s competitive position will increase ES’s potential revenue growth from ~4% to 7% – 8%"

"With the right leaders in place and with a culture of innovation, we believe Olive Garden will be successful"

"The creation – not just the identification – of value; we believe Elliott's strength is in catalyzing change"

"We believe this strategy resulted in a significant shift in business mix that ultimately proved unsuccessful"

"We believe this represents a significant premium to pay for low-grade technology with limited pricing power."

"With the right leaders in place and with a culture of innovation, we believe Olive Garden will be successful"

"We believe that 39% of employees operating as CCTs is not consistent with what the Company has communicated."

"We Believe DND’s Nominees Have Presided Over Significant Value Destruction and Drawn the Company Into Crisis"

"There have been several mischaracterizations of our Initial Proposal which we believe need to be cleared up."

"Stock Promotion vs. Reality: Why We Believe Key Aspects Of The C3.ai Story Are Exaggerated Or Irreconcilable"

"Like many of its SPAC brethren, we believe HIMS has done all it can to create the illusion of a massive TAM."

"We believe HIMS' current structure would not be legal and allowed to operate under such a regulatory regime."

"Based on the analysis above, we believe Intuit management’s long-term growth guidance has not been credible."

"We believe this strategy resulted in a significant shift in business mix that ultimately proved unsuccessful"

"Spruce Point believes it is a classic red flag when a Company manipulates its tax rates to achieve earnings."

"We believe more capacity in oilseed crushing and refining has a negative side-effect on animal feed margins."

"We are excited to own the business at current valuation multiples as we believe there is substantial upside."

"We believe the Company should take advantage of the current market conditions to replace its high cost bonds"

"We therefore believe the IRS and the investing public should heavily discount and / or totally ignore them."

"We believe a multi-step separation would maximize value while enhancing Darden's credit rating and dividend"

"We believed there was significant opportunity to improve these companies on a growth + profitability basis."

"7. Doomed by cost: the “magic material” that we believe QS is using is too expensive to ever replace Li-ion"

"Given ex-employee color about the actual size of the “complete system,” we believe the slide is fraudulent."

"Over the next few years, we believe Autodesk can meaningfully shrink its share count and grow FCF per share"

"We believe Fluor is well-positioned, with far fewer competitors for full-service, integrated EPCM contracts"

"Elliott believes that ACAS could be worth in excess of $23/share, a 61% premium to its current market price"

"We believe PET applications for water, drinks, and carbonated beverages should be excluded from DNMR’s TAM."

"We believe a multi-step separation would maximize value while enhancing Darden's credit rating and dividend"

"We believe the overpayment was to undisclosed insiders with a history of ripping off minority shareholders."

"We believe the Company should act decisively and expeditiously to unwind its cross-shareholdings portfolio."

"We believe ~35% of the Company’s revenue is tied to high volume / low-margin raw material-indexed contracts"

"We believe BILL has an opportunity to drive sustainable growth and significant improvement in profitability"

"We believe Fluor is well-positioned, with far fewer competitors for full-service, integrated EPCM contracts"

"We also believe that companies engaging in such practices are vastly more likely to have something to hide."

"We believed there was significant opportunity to improve these companies on a growth + profitability basis."

"The insights we gathered are not as "bullish" as the promotional sell-side analysts would have you believe."

"We believe the new administration will work with Congress to successfully reform Fannie and Freddie (cont.)"

"We do not believe this team is qualified to run Xerox, let alone some larger combination of Xerox and Fuji."

"We believe Bunge has struggled in China and does not give a fully transparent view as to what is happening."

"Over the next few years, we believe Autodesk can meaningfully shrink its share count and grow FCF per share"

"We believed there was significant opportunity to improve these companies on a growth + profitability basis."

"We believe Zillow’s shares trade at an unwarranted premium to many fundamentally sound internet businesses."

"We Believe Investors Are Overlooking Intensifying Competitive Pressure From Private Equity-Backed Platforms"

"We believe the Street is overly bullish on Limbach, highlighted by its unanimous Buy rating on the Company."

"We believe that there is near-term potential for a favorable resolution of the status of Fannie and Freddie"

"We Believe Lightspeed Is A Poor Man’s Shopify And Will See Increased Pressure From Square, Adobe And Amazon"

"We believe there is absolutely no way to refute the fact that Globe Teleservices is a related party to INS."

"We believe the new administration will work with Congress to successfully reform Fannie and Freddie (cont.)"

"We believe GoDaddy should target Adj. EBITDA margins increasing from 28% exiting 2023 to 33%+ exiting 2024"

"We believe Fluor is well positioned within the EPCM landscape and should trade at least in line with peers"

"We believe Huntsman’s claims of beating its 2020 Adjusted EBITDA target is blatantly misleading and false."

"Just as with the oil frackers, we believe the most accurate way to measure value is to do a long-term DCF."

"Ask yourself: If the CEO and Board members truly believed in their strategy wouldn’t they be buying stock?"

"Ask yourself: If the CEO and Board members truly believed in their strategy wouldn’t they be buying stock?"